🛑🛑🛑Technical analysis of $FLOKI/USDT (1D)🛑🛑🛑
![](https://public.bnbstatic.com/image/pgc/202406/f6aa84db1efb5fdbaec2c58bced940fa.png)
Indicators and Levels
Parabolic SAR indicator:
The Parabolic SAR points are above the current price, indicating a bearish trend. 📉
Indicator Ishimoku:
Kijun-sen (purple line) and Tenkan-sen (blue line): Both lines are above the current price, signaling a bearish trend.
Ichimoku Cloud: Price is in the cloud, indicating uncertainty and possible consolidation. 🌥️
Chinkou Span (green line): The lag line is below the price chart, confirming the bearish trend.
Moving averages (MA):
MA (7) and MA (25): The current price is below both moving averages, indicating a bearish trend. 🐻
Support and resistance levels:
Support: Area between $0.00025346 and $0.0002678. The price tested this area several times, which confirms its significance. 🔽
Resistance: The area around $0.00028762 where the price has encountered resistance several times. 🔼
Analysis of trends and patterns
Trend line:
The chart shows that the price is moving along an ascending trend line, which is a bullish signal. However, breaking this level down may signal the beginning of a correction.
Pattern:
An “ascending triangle” pattern is forming, which may indicate a possible continuation of the current upward trend when the resistance level is broken.
Volume and other indicators
Trading volume:
Trading volume remains relatively stable, confirming the current trend. 📊
conclusions
Short Term: In the short term, FLOKI is showing signs of a bullish trend, but with some signals of uncertainty. It is important to monitor the support level at $0.00025346. If this level is broken, the price may decline to the next support level.
Medium-term outlook: To continue growth, the price must remain above the support level of $0.0002678 and break through the resistance level of $0.00028762.
Long term: To confirm a long-term bullish trend, we need to watch for an increase in trading volume and a breakout of key resistance levels.
Action plan 📈💼
Buy: Consider buying the $0.0002678 support area with a short stop loss below this level. If the price holds above this level and begins to rise, this could be a good entry point.
Sell: Selling may be appropriate at the $0.00028762 resistance area if the price fails to break through this level. It is important to monitor trend reversal signals.
Caution: Closely monitor trading volume and indicator signals to make informed decisions. A downward break of the ascending trend line may be a signal to exit the position.